Technology and Wages LO7642

Jerry Gerstmann (
Tue, 28 May 1996 10:51:48 -0500

Replying to LO7517 --

In a comment on LO7495 Fred Nickols ponders the trends of population
moving from agricuture to manufacturing to services. This struck a topic
I have been considering for a while. If you make the assumption that
there is a finite amount of necessary goo ds and services required for an
individual to live, and if the rate of productivity is rising faster than
the rate of population growth, is it reasonable that a majority of the
population will be working in jobs that have no intrinsic value? How do
economic interactions differ in this world than in one where the
productive capability of every individual is needed for national survival?

Jerry Gerstmann

| Jerry Gerstmann | |
| Rockwell Space Operations | (713) 282-4369 |
| Houston, TX | |

Uncertainty and mystery are energies of life.
Don't let them scare you unduly, for they keep
boredom at bay and spark creativity.
-- R. I. Fitzhenry

-- (Jerry Gerstmann)

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